2. (18) Consider the Demand and Supply schedules below: Use FULLY REDUCED fractions for any slopes that are not integers. Integers do not have a denominator. Format all prices and quantities correctly. Supply Schedule QS 2,655 units 2,835 units Demand Schedule QD P $ 945.00 $ 865.00 $ 1,350.00 $ 2,250.00 1,095 units 1,215 units Calculate the slope of the demand curve, interpret it and calculate the equation representing the demand curve. Do part a. for the supply curve. Calculate equilibrium price and quantity (P* and Q*). а. b. с.

2. (18) Consider the Demand and Supply schedules below: Use FULLY REDUCED fractions for any slopes that are not integers. Integers do not have a denominator. Format all prices and quantities correctly. Supply Schedule QS 2,655 units 2,835 units Demand Schedule QD P $ 945.00 $ 865.00 $ 1,350.00 $ 2,250.00 1,095 units 1,215 units Calculate the slope of the demand curve, interpret it and calculate the equation representing the demand curve. Do part a. for the supply curve. Calculate equilibrium price and quantity (P* and Q*). а. b. с.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphics To Economics

Problem 2SQP

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1. Suppose consumers will demand 40 units of product when the price is $12 and 25 units when the price is $18 each. 6). Find a linear equation for the: 0. Demand curve. (ii). Demand function. (b). Find the price per unit when 30 units are demanded. 2 The demand Curve for a prodtuct is p= 60-0.00OSC where p iE the price per unit. and q is the number of units demancec. How many units must be sold to achieve sales of $1.200,000?
) Consider the Demand and Supply schedules below:Use FULLY REDUCED fractions for any slopes that are not integers. Integers do not have adenominator. Format all prices and quantities correctly.Demand Schedule Supply ScheduleQD P QS P1,095 units $ 945.00 2,655 units $ 1,350.001,215 units $ 865.00 2,835 units $ 2,250.00a. Calculate the slope of the demand curve, interpret it and calculate the equation representing the demand curve.b. Do part a. for the supply curve.c. Calculate equilibrium price and quantity (P* and Q*).
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